Common use of Line Account Clause in Contracts

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.

Appears in 5 contracts

Samples: Credit Agreement (Align Rite International Inc), Commercial Credit Agreement (Applied Signal Technology Inc), Line of Credit Agreement (Interactive Group Inc)

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Line Account. 2.2.1 The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 3 contracts

Samples: Credit Agreement (Trinet Employer Group Inc), Credit Agreement (Scheid Vineyards Inc), Credit Agreement (Scheid Vineyards Inc)

Line Account. (a) The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 3 contracts

Samples: Credit Agreement (PMR Corp), Credit Agreement (Diamond Multimedia Systems Inc), Accounts Receivable Credit Agreement (Golden State Vintners Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's ’s Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's Borrowers receipt of any such statement which is deemed it deems to be incorrect.

Appears in 2 contracts

Samples: Credit Agreement (Biolase Technology Inc), Credit Agreement (Biolase Technology Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's ’s Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's ’s receipt of any such statement which is deemed it deems to be incorrect.

Appears in 2 contracts

Samples: Credit Agreement (Guidance Software, Inc.), Credit Agreement (Alphatec Holdings, Inc.)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.. J.

Appears in 2 contracts

Samples: Commercial Credit Agreement (Applied Signal Technology Inc), Line of Credit Agreement (Applied Signal Technology Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 2 contracts

Samples: Loan Disbursement Instructions (Scientific Technologies Inc), Agreement (Golden State Vintners Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with each and the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: 1997 Credit Agreement (Motor Cargo Industries Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.

Appears in 1 contract

Samples: Commercial Credit Agreement (Interactive Group Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility this Equipment Purchase Facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.

Appears in 1 contract

Samples: Commercial Credit Agreement (Applied Signal Technology Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.. 2.4

Appears in 1 contract

Samples: Agreement (Golden State Vintners Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Accounts Receivable Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.

Appears in 1 contract

Samples: Accounts Receivable Credit Agreement (Atg Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility the (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Line of Credit Agreement (Public Storage Properties Xiv Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the this Crop Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly quarterly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.

Appears in 1 contract

Samples: Agricultural Credit Agreement (Scheid Vineyards Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility Equipment Purchase Facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Equipment Purchase Line of Credit Agreement (Ise Labs Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower Borrowers with a monthly statement of the Borrower's Borrowers' Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower Borrowers unless the Bank is notified by the Borrower Borrowers to the contrary within thirty (30) days after the Borrower's Borrowers' receipt of any such statement which is deemed to be incorrect.

Appears in 1 contract

Samples: Line of Credit Agreement (Tag It Pacific Inc)

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Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility this Equipment Purchase Facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.. M.

Appears in 1 contract

Samples: Commercial Credit Agreement (Applied Signal Technology Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line AccountAccount upon the Borrower's request therefor from time to time, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: 1998 Credit Agreement (Align Rite International Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's ’s Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 90 days after the Borrower's ’s receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Trade Finance Credit Agreement (Variflex Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's ’s Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's ’s receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Credit Agreement (Ixys Corp /De/)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's ’s Line Account, which statement shall be considered to be correct and conclusively binding on both the Bank and the Borrower unless the Bank is notified by or Borrower notifies the Borrower other to the contrary within thirty (30) 45 days after the Borrower's ’s receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Credit Agreement (Cheesecake Factory Incorporated)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly quarterly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.

Appears in 1 contract

Samples: Line of Credit Agreement (Scheid Vineyards Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Credit Agreement (Micrel Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the this Crop Line of Credit facility (the "Line AccountLINE ACCOUNT"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Agricultural Credit Agreement (Scheid Vineyards Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Equipment Line of Credit facility (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower to the contrary within thirty (30) days after the Borrower's receipt of any such statement which is deemed to be incorrect.

Appears in 1 contract

Samples: Commercial Credit Agreement (Interactive Group Inc)

Line Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Line of Credit facility credit facilities granted hereunder (the "Line Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Line Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank is notified by the Borrower to the contrary within thirty (30) 30 days after the Borrower's Borrowers receipt of any such statement which is deemed it deems to be incorrect.

Appears in 1 contract

Samples: Credit Agreement (Applied Signal Technology Inc)

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